{"id":2000,"date":"2021-12-07T11:40:58","date_gmt":"2021-12-07T10:40:58","guid":{"rendered":"https:\/\/www.theofficialboard.com\/best-articles\/?p=2000"},"modified":"2021-12-07T12:28:02","modified_gmt":"2021-12-07T11:28:02","slug":"is-your-company-gaining-ground-in-data","status":"publish","type":"post","link":"https:\/\/www.theofficialboard.com\/best-articles\/2021-11\/is-your-company-gaining-ground-in-data\/","title":{"rendered":"Is Your Company Gaining Ground in Data?"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.bcg.com\/fr-fr\/publications\/2021\/companies-data-capabilities-progress\">Viewed in <em>BCG<\/em><\/a><\/p>\n\n\n\n<p>How important does management consulting giant BCG believe data will prove to today\u2019s companies? Data is \u201cakin to oxygen in most industries, and companies know they need to build core capabilities in order to capitalize on it,\u201d the firm writes in this November 17 report. With a corporate asset and function that vital, how do these companies feel they are handling their data challenges?<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Seven key data capabilities<\/h5>\n\n\n\n<p>BCG went to the source and asked 1,100 companies directly to rate their performance on seven key data capabilities. In thus third Data Capability Maturity Assessment (DACAMA) survey, BCG reports \u201cprogress is accelerating\u201d with an overall improvement of 15 percent over their last survey in 2018. And this improvement represents a multi-year trend. That 2018 survey, in turn, reflected an eight percent improvement over the inaugural survey in 2015.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Progress is accelerating<\/h5>\n\n\n\n<p>In this 2021 survey, the biggest gains in data collection and utilization \u201cwere in foundational capabilities: data governance, data platform, ecosystem and partnerships, and leadership, change, and enablement,\u201d BCG reports.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Competition driven<\/h5>\n\n\n\n<p>As BCG found previously in the 2018 survey, the industry sectors showing the fastest adoption and implementation of data are the industries in which data utilization\u2019s represents a key factor in competition for industry market share and leadership. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Automotive is lagging<\/h5>\n\n\n\n<p>Four such industries fall in this category: technology, telecom, financial institutions, and consumer packaged goods and manufacturers. Yet, according to this survey, the automotive industry is one prominent industry with limited progress in leveraging data\u2019s value. Despite the growing number of so-called \u201csmart cars\u201d that use and rely on data, BCG concludes in this 2021 survey that automobile manufacturers \u201cdo not have the capabilities to capitalize on the emerging data opportunities,\u201d which sets apart from broad economy-wide improvements in data\u2019s use. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Viewed in BCG How important does management consulting giant BCG believe data will prove to today\u2019s companies? Data is \u201cakin to oxygen in most industries, and companies know they need to build core capabilities in order to capitalize on it,\u201d the firm writes in this November 17 report. With a corporate asset and function that&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-11\/is-your-company-gaining-ground-in-data\/\">More<\/a><\/p>\n<a href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-11\/is-your-company-gaining-ground-in-data\/\">Read more...<\/a>","protected":false},"author":1,"featured_media":1561,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[329],"tags":[230,131,231],"class_list":["post-2000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2021-11","tag-bcg","tag-data","tag-strategy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is Your Company Gaining Ground in Data? - The Official Board\u2019s Reads<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2021-11\/is-your-company-gaining-ground-in-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Your Company Gaining Ground in Data? - The Official Board\u2019s Reads\" \/>\n<meta property=\"og:description\" content=\"Viewed in BCG How important does management consulting giant BCG believe data will prove to today\u2019s companies? Data is \u201cakin to oxygen in most industries, and companies know they need to build core capabilities in order to capitalize on it,\u201d the firm writes in this November 17 report. With a corporate asset and function that... 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